Automated Data Entry into Tally, Zoho Books, Quickbooks

Extinguishment of delisted shares

This query is : Resolved 

22 May 2023 Hello I had shares of kwality Ltd, a company that got delisted, the shares of the company were extinguished from my account without my consent and without me getting any extinguishment/buyback compensation for the same. Is it normal

Read more at:

22 May 2023 If the company has been delisted for over a year, the shareholder can approach the company and enter into a private negotiation to sell the shares back to the promoters. This will be an off-market transaction and the price will be determined between the buyer and seller.

22 May 2023 Sarda Mines Private Limited completed the acquisition of Kwality Limited (BSE:531882) on January 25, 2022.

22 May 2023 So if the acquisition by sarda mines is complete, does it mean the automatic extinguishment of shares. Even in such scenarios arent the investor made aware of it by a mail or any form of correspondence

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Automated Data Entry into Tally, Zoho Books, Quickbooks
Advanced Level Course on GST Returns and ITC Issues with CA Abhishek Raja Ram

Follow us

Answer Query